Pakistan and Iran discuss border issues and trade cooperation
A joint border meeting between Pakistan and Iran was held on Wednesday at Mir Jawa, a border city in Iran. The meeting aimed to address various issues related to the…
SBP announces office & business hours during the month of Ramadan-ul-Mubarak
During the ensuing holy month of Ramadan-ul-Mubarak 1444 AH, the following office hours will be observed in the State Bank of Pakistan, which will also be followed by all banks,…
4th Financial Crime Summit to be held this week
Karachi: The 4th Financial Crime Summit will be held this week on January 14, 2023 in Karachi, with the theme ‘Post-FATF Financial Crime Action Plan – Continuing the National Anti-Financial…
SBP is all set to launch consultation on Banking on Equality policy for reducing the gender gap in financial inclusion
The State Bank of Pakistan (“SBP”) and its subsidiaries disclaim responsibility for any private publication or statement by any individual. The views expressed in this email are those of the…
Al Salam Bank posts 19% increase in net profits
DUBAI: Al Salam Bank-Bahrain reported strong performance in the third quarter of 2019, with net profit increasing by 19%, from BD 4.1 million (US$ 10.9 million) in Q3 2018 to…
Qatar National Bank posts 3.8% growth in profits to QAR 3.56 billion
DOHA: Qatar National Bank (QNB) posted a net profit of QAR 3.56 billion for the three-month period ended March 31, 2019 up 3.8% in comparison to a net profit of…
Fitch affirms Qatar Islamic Bank’s ‘A’ Rating
DOHA: Fitch Ratings has affirmed Qatar Islamic Bank’s (QIB), Long Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. It also upgraded QIB’s Viability Rating (VR) to ‘bbb’…
EFG Hermes Group posts earnings of EGP 1.0 billion
CAIRO: EFG Hermes has reported full year 2018, with Group Earnings of EGP1.0 billion on operating revenues of EGP4.3 billion. The Group total assets stood at EGP29 billion at the…
National Financial Inclusion Strategy – Integrating the unbanked population
In an attempt to increase financial inclusion in the country and raise dismal ratios that represent this, GoP and SBP have developed a National Financial Inclusion Strategy (NFIS) in 2015.…
HBL to compensate fully its customers as SBP takes notice of skimming incidences
KARACHI: During the preceding week, State Bank of Pakistan (SBP) noted with concern that customers’ information on debit cards of Habib Bank Limited (HBL) was compromised by hackers through skimming…